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The Ordinary share capital of an SAOG Company is 200,000 shares of 250 baisa each. In the beginning of the year 2018 the company

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The Ordinary share capital of an SAOG Company is 200,000 shares of 250 baisa each. In the beginning of the year 2018 the company made a rights issue of 1 share for every 2 held at 400 baisa per share and this offer was taken up in full. Soon after the right issue the company made a bonus issue of 2 share for every 5 held. What will be the total number of shares issued by the company after the bonus issue? a. 420,000 shares O b. 380,000 shares O c. None of these. O d. 300,000 shares

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